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Sep 27, 2013
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and uk banks hadn't been implemented in europe. draghi implemented the repo program which was incredibly effective and solvency is not an issue today. i think the challenge i would ask you, i'm sure there's an answer to this, i can't think of it. >> i can't think of one. >> couple other quickies. one, we both were there last night, larry summers walks in. do you have views on the fed? who should become the next fed leader? >> i think there's many good candidates to become the next fed leader. i think larry having withdrawn from that, there's so many things that larry can do for our country. it's just -- it was great to see him last night and see him in good spirits. >> joe kernan, back in hq has a question for you, bob. >> hey, bob. a lot of talk. we're all talking about jamie and jamie dimon. andrew and i had a lunch the other day. a british executive that said probably should split up the chairman and ceo. and that would've helped with jamie. i know that's -- in europe, they look at us and think we should adopt that. but when we
and uk banks hadn't been implemented in europe. draghi implemented the repo program which was incredibly effective and solvency is not an issue today. i think the challenge i would ask you, i'm sure there's an answer to this, i can't think of it. >> i can't think of one. >> couple other quickies. one, we both were there last night, larry summers walks in. do you have views on the fed? who should become the next fed leader? >> i think there's many good candidates to become the...
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Sep 13, 2013
09/13
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when you look at their economy and, frankly in the uk, i think you could argue and in japan, it took too long and the idea of recapitalizing the whole system at one time, even though i recognize you think it was a liquidity issue, there was still a capital issue, at least for some institutions. >> well, it was only a few institutions that were capitalized. how can you have an industry that could come back within six months of receiving this money and paying it back. and within a year, practically everyone paid it back if, indeed, it was other than a liquidity crisis. we had record earnings in the first quarter of 2009. you think the reason we had record earnings in the first quarter of 2009 was because we received $25 billion in capital in october? the difference is we weren't in as bad of shape as japan. and my point is you always have the opportunity to do something differently if it's not working. everyone knew there was a liquidity crisis. what they -- what you don't understand is that everyone understood who needed the money and why. what shocked the market is that institutions
when you look at their economy and, frankly in the uk, i think you could argue and in japan, it took too long and the idea of recapitalizing the whole system at one time, even though i recognize you think it was a liquidity issue, there was still a capital issue, at least for some institutions. >> well, it was only a few institutions that were capitalized. how can you have an industry that could come back within six months of receiving this money and paying it back. and within a year,...
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Sep 10, 2013
09/13
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the uk market yesterday was around around service points. really about is% now. we are doing better in germany and france, as well. the ftse mib is up 1%. we'll get into that in just a second. let's show you what's driving us firmer this morning. we've got autos doing very well. 2.5%. frankfurt motor show is on at the moment. all the executives there as you mute expect coming out with positive noises. the key thing is, besides they talk about key things in asia, we for the first to him they pointed some rooshgs about the inn market, as well. chinese industrial product up 10. 4/%. it's the best performance since 2012. a lot of that investment, growth, retalt sales edging higher, as well. those two things helping fears about any kind of hard landing in china he's away. resources doing well. there are those sectors at the moment in negative territory, either. as far as bond markets are concerned, this is interesting. spanish yields, 4.48% on the ten-year. the italian yields, 4.501%. it's the first time span yash yields have lower than the others. sylvia berlusconi i
the uk market yesterday was around around service points. really about is% now. we are doing better in germany and france, as well. the ftse mib is up 1%. we'll get into that in just a second. let's show you what's driving us firmer this morning. we've got autos doing very well. 2.5%. frankfurt motor show is on at the moment. all the executives there as you mute expect coming out with positive noises. the key thing is, besides they talk about key things in asia, we for the first to him they...
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Sep 4, 2013
09/13
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fairly good data again, strong data out of the uk. that translates to the prices now for the ftse 100 and the xetra dax and the rest of the markets, down two-theirds of 1%. break that down into sectors, looks like this. only one a couple up. telecoms on the benefit of nokia and vodafone. oil and gas, prices steady. autos down 1.3%. weakest sector is travel and leisure. we have elevated oil prices, threat of middle east action will cause investors to be nervous. we heard from ryanair today. this is the biggest low cost carrier down 13%. they also came out and said they might miss their guidance. and it has been the most profitable airline as well. air france, down 3.2%. easy jet down 6%. and iag, down 4%. the airlines taking it on the chin today. we did have good data, though, today, particularly out of the uk. gilt yields higher above treasury yields 2.87%. the yield earlier on gilts after the services sector activity according to the pmis at the best now since december 2006. stronger than expected higher than july. the composite pmi
fairly good data again, strong data out of the uk. that translates to the prices now for the ftse 100 and the xetra dax and the rest of the markets, down two-theirds of 1%. break that down into sectors, looks like this. only one a couple up. telecoms on the benefit of nokia and vodafone. oil and gas, prices steady. autos down 1.3%. weakest sector is travel and leisure. we have elevated oil prices, threat of middle east action will cause investors to be nervous. we heard from ryanair today. this...
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Sep 18, 2013
09/13
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it will initially launch in the uk and in the middle east. no, that was giga what? >> back to the future? i don't know. >> yeah, giga -- we'll immediately get bombarded with e-mails because people love that. >> michael j. fox. >> run dmc. >>> jp morgue's long whale problems may not end with a civil settlement. u.s. prosecutors reportedly still investigating the bank's trading scandal for potential criminal wrongdoing. this is a sign that an expected $800 million -- >> what was it? >> giga watts. >> the settlement may not be the put to rest for the firm. andrew, can you believe that? back in chicago. >> i know. andrew has been traveling this week. he's in chicago. he has more of this morning's top stories. andrew. >> thank you, becky. by the way, i still want one of those skateboards, the air skateboard. remember the one that michael j. fox had? that, to me, if i could have that -- >> that was in later -- that was back to the future 2. because he had a -- >> really? >> yeah. he had a regular -- he had a regular skateboard in the first one. remember? he breaks it off
it will initially launch in the uk and in the middle east. no, that was giga what? >> back to the future? i don't know. >> yeah, giga -- we'll immediately get bombarded with e-mails because people love that. >> michael j. fox. >> run dmc. >>> jp morgue's long whale problems may not end with a civil settlement. u.s. prosecutors reportedly still investigating the bank's trading scandal for potential criminal wrongdoing. this is a sign that an expected $800 million...
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Sep 19, 2013
09/13
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and uk regulators. the bank is expected to pay at least $700 million to settle the probes related to the london whale case. $6 billion or more. and some say, by the way, that $700 million figure could turn into $900 million. also oracle reported fiscal first quarter profit of 59 cent per share. revenue was shy of estimates, and weaker than expected guidance for the current quarter. >>> also, sony has set a goal of selling 5 million of its play station 4 video game consoles in less than five months. play station 3 sold 5.5 million following its release. microsoft will be out with the new xbox 1. we'll see what that competition looks like. >>> the fed settling markets by choosing not to taper the asset buying program. and steve liesman is going to join us again. he was at the top when we came in. and he's sitting between stan and jimmy dunne. by sec rules we have to do a ratio of what these two guys make compared to yours, and it is not pretty. >> it's pretty for them. >> it is pretty for them. >> and i'm
and uk regulators. the bank is expected to pay at least $700 million to settle the probes related to the london whale case. $6 billion or more. and some say, by the way, that $700 million figure could turn into $900 million. also oracle reported fiscal first quarter profit of 59 cent per share. revenue was shy of estimates, and weaker than expected guidance for the current quarter. >>> also, sony has set a goal of selling 5 million of its play station 4 video game consoles in less than...
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Sep 11, 2013
09/13
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ross will give us the uk/euro perspective, although i don't know, i don't know how long you guys are going to be part of the european union at this point, ross. you've got to -- will you go into all that force, it looks like it's evenly split behind you. you have a little green, a little red. >> exactly, joe. not going anywhere fast this morning. the dow jones stoxx 600, excuse me, is at about the high point for the session this morning. and the ftse is fairly flat, as well. just down 6 points. xetra dax up 34. cac 40 down 0.08%. yields were higher than they were in august. we have had a die into the senate hearing into whether mr. berlusconi should be kicked out of the senate until thursday. we still don't know whether that's going to happen. we are focused, of course, on the apple announcements, those two new phones they announced last night. mixed reaction to stocks in europe. first of all, i'm holding the chip arm up 4.3%. it was confirmed that apple is using its own 64 bit processor. it's believed to be based on an arm designed for which they get more royalties. that's good news
ross will give us the uk/euro perspective, although i don't know, i don't know how long you guys are going to be part of the european union at this point, ross. you've got to -- will you go into all that force, it looks like it's evenly split behind you. you have a little green, a little red. >> exactly, joe. not going anywhere fast this morning. the dow jones stoxx 600, excuse me, is at about the high point for the session this morning. and the ftse is fairly flat, as well. just down 6...
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Sep 17, 2013
09/13
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had some data out today uk inflation saying dipping is expected, the annual rate in august. sort of inline with what market expectations were. the cac 40 off 12 points, ftse mib off 27 points today. markets are in focus and sectors, as well. we saw a new dip down in august registration falling in august, which it raids most of july again. it came to 7.84 million vehicles. that's the lowest ever recorded from the period since the series began in 1990 on. as a result, autos are the worst performers today, down 11.3%. banks off 0.9% as you can see. individual stocks we're looking at today, philips, they've got a share buyback coming up. down 1.8% because of the ceo fairly cautious in the near term and what's going on with the global economy. nokia, down 2.2%. they decided to reschedule the launch of some new phones which were scheduled for the end of the month despite the microsoft deal. .lloyds banking group down today at 2%. the government selling 6% of its stake in lloyd's. they made about a $60 million pound profit. they sold that stake to institutional investors, a small p
had some data out today uk inflation saying dipping is expected, the annual rate in august. sort of inline with what market expectations were. the cac 40 off 12 points, ftse mib off 27 points today. markets are in focus and sectors, as well. we saw a new dip down in august registration falling in august, which it raids most of july again. it came to 7.84 million vehicles. that's the lowest ever recorded from the period since the series began in 1990 on. as a result, autos are the worst...
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Sep 20, 2013
09/13
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and we had some better news ow of the uk today. public borrowing for august, a little lower than we might have thought on the year in august. gilt yields, though, still fairly elevated, 2.9%. treasury yields here, you can see the difference in spreads. treasury yields 2.73, as well. now, you also were mentioning india today. the rupee actually weaken today, as you can see. dollar up to 62 after being down at 61 yesterday. we were at 70 a couple of weeks ago. we had a surprise from the fed yesterday, surprise from the inn central bank today. they actually increased the rate by 25 basis points, sort of hiked rates and cut them, as well, because they rolled back from the liquidity tightening. they have a new government there who has just taken over, mr. rajan. no one expected the rate hike to try and curb inflation. so the sensex was down 1.85%. but maybe he felt comfortable in doing that because the fete were continuing the tapering. we heard from the finance minister yesterday, that said, tapering decision or the nontapering decisio
and we had some better news ow of the uk today. public borrowing for august, a little lower than we might have thought on the year in august. gilt yields, though, still fairly elevated, 2.9%. treasury yields here, you can see the difference in spreads. treasury yields 2.73, as well. now, you also were mentioning india today. the rupee actually weaken today, as you can see. dollar up to 62 after being down at 61 yesterday. we were at 70 a couple of weeks ago. we had a surprise from the fed...
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Sep 26, 2013
09/13
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fairly flat today for the uk markets, just off 10. its gets worse as we go along the wall. the xetra dax off 0.3%. the cac 40 down 0.5%. the ftse mib is down 1.8%. last night, we have a vote from members of sylvia berlusconi's party. they voted to say they would withdraw support from the coalition government if he was kicked out of the senate. we're trying to see if we can get some resolution for that story which is ongoing. and would have been talking about it for a various number of weeks. some interesting stocks to look at today, nokia selling its hand set business to microsoft. it's been reported that they have been considering before and maybe post whether they should file with alcatel lucent, the other network equipmentmaker. alcatel lucent listed in france up over 6% at the moment on the back of that story. and finally, as well, h&m, the swedish retailer, well known around the globe, up 6.5% today. comfortably beating forecasts with sales and sales for september up around 8% on the year. that is where we stand. back to you. >> ross, thank you very much. we'll talk to
fairly flat today for the uk markets, just off 10. its gets worse as we go along the wall. the xetra dax off 0.3%. the cac 40 down 0.5%. the ftse mib is down 1.8%. last night, we have a vote from members of sylvia berlusconi's party. they voted to say they would withdraw support from the coalition government if he was kicked out of the senate. we're trying to see if we can get some resolution for that story which is ongoing. and would have been talking about it for a various number of weeks....
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Sep 24, 2013
09/13
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designed to protect viewers in the uk or u.s. west coast where the series finale will air later on the east coast. and there's a view this could be used for other programs. >> during the british open and -- i wouldn't look -- >> you wouldn't look. >> i don't check my e-mail either about any sporting events. i'm going to see, oh, sorry about the bengals or see that, so i don't check twitter or e-mail. >> i hadn't thought that. >>> when we come back, we have more of steve liesman's exclusive interview with new york fed president bill dudley. and then we'll be keeping a close watch on energy prices ahead of today's speeches by both presidents. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> welcome back to "squawk box," everyone. let's take a look at the stocks on the move
designed to protect viewers in the uk or u.s. west coast where the series finale will air later on the east coast. and there's a view this could be used for other programs. >> during the british open and -- i wouldn't look -- >> you wouldn't look. >> i don't check my e-mail either about any sporting events. i'm going to see, oh, sorry about the bengals or see that, so i don't check twitter or e-mail. >> i hadn't thought that. >>> when we come back, we have more...